Taminco Shareholder Alert -- Buyout of Taminco Corp. - Leading National Securities Law Firm Seeks Higher Price for Shareholders
NEW YORK, Sept. 11, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Taminco Corp. (NYSE: TAM) ("Taminco" or the "Company") on behalf of its shareholders. Eastman Chemical Company ("Eastman") and Taminco announced that they have entered into a definitive agreement for Taminco to be acquired by Eastman for $26 per share.
The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Taminco for not acting in Taminco shareholders' best interests in connection with the sale process of Taminco, including whether the price of $26 per share is unfairly low. Indeed, analysts have estimated that the true going forward inherent value of the Company is worth at least $27 per share. The investigation also seeks to determine whether there were any conflicts of interest on the part of the Company's senior management, board of directors and/or its majority owner, Apollo Global Management.
If you are a shareholder of Taminco and would like additional information regarding this matter, at no cost or expense, please contact us at:
Tripp Levy PLLC
New York, New York
Toll free: 1-800-511-7037
Email: [email protected]
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional investors in shareholder actions and, along with its affiliates, has recovered billions of dollars for shareholders in securities actions. Tripp Levy PLLC has become affiliated with Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC
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